Investing in the United States: What opportunities are there for Vietnamese businesses?

Vietnamese enterprises have gradually matured.

Sir, with more than 100 enterprises participating in the working group, what is the difference compared to our previous trade and investment promotion activities?

Mr. Pham Tuan Anh: SelectUSA 2025 takes place from May 11-14 in the United States with the participation of 5,500 delegates from more than 100 countries and 54 US states and territories.

The Vietnamese delegation has 130 leaders representing more than 100 Vietnamese enterprises operating in many industries and fields such as: information technology, telecommunications, energy, industrial production, agriculture, environment, interior design, tourism services, including many large and prestigious Vietnamese enterprises that have been interested in and wish to promote economic cooperation and investment with the United States such as: National Industry and Energy Group (PVN), Vietnam National Shipping Lines (VIMC), Vietnam National Coal and Mineral Industries Group (TKV), Vietnam Rubber Industry Group (VRG), Vietnam Gas Corporation (PVGas), FPT Group, An Phat Xanh Joint Stock Company, Tam Anh Hospital, ...

The number of Vietnamese enterprises in the largest group of countries registered to attend SelectUSA 2025 has left a deep impression of Vietnam's presence and positive contribution to the general event.

Notably, among the more than 100 participating enterprises, there are both state-owned and private enterprises. There are leading enterprises in the field in Vietnam, but there are also enterprises that are not the largest, but our enterprises have boldly "stepped out into the ocean", coming to seek investment opportunities in the world's largest economy - the United States.

Deputy Minister of Finance Cao Anh Tuan led the Ministry of Finance delegation to attend SelectUSA 2025. Photo: Organizing Committee

This shows two important aspects, the United States is truly the best and most attractive investment destination for investors around the world, including Vietnam; and Vietnamese enterprises have gradually matured, boldly reaching out to seek investment cooperation opportunities outside Vietnam's borders. This shows the Party and State's policy on enterprise development, private economic development, considering the private economic sector as the driving force and pillar of the country's economic development.

It can be said that our large and active participation at the SelectUSA 2025 Conference and bilateral activities within the framework of the Conference shows the efforts of the Vietnamese Government and enterprises to directly and actively contribute to the development of trade and investment relations between the two countries in a more sustainable and balanced direction, for the long-term interests of the two economies and peoples...

Many investment cooperation activities were established.

It is known that within the framework of the Conference, participating Vietnamese enterprises proactively connected with enterprises and state governments to conduct surveys and carry out economic activities. Can you share more about these results?

Mr. Pham Tuan Anh: Participating in the SelectUSA 2025 Conference and the sideline events of the Conference, the Vietnamese delegation demonstrated a prominent role, actively responding to the initiative of the Donald Trump Administration to attract investment to the United States; leaving a good impression on the event's host agency, the US Department of Commerce (DOC), and being one of the four delegations with the largest number of participants at the SelectUSA event.

Initial results include: Regarding commercial activities: The National Energy and Industry Group (PVN) continues to promote cooperation with ExxonMobil in the field of supplying crude oil to Binh Son Refining and Petrochemical Joint Stock Company (BSR). To date, BSR has imported 27 batches of WTI Midland oil from partners such as ExxonMobil/EXTAP, Shell, Vitol and Trafigura, with a total volume of over 22 million barrels and a total converted value of nearly 1.8 billion USD.

Not only attending, Vietnamese enterprises also had investment cooperation activities during the Conference days.

Vietnam Rubber Group (VRG) is looking for opportunities to cooperate with a US unit to invest in industrial park infrastructure to support Vietnamese enterprises when investing in the US, as well as to meet the needs of other enterprises investing in the US (factories, warehouses, goods collection points, etc.), similar to the VSIP model in Vietnam. Investing in an industrial park in the US is a strategic move and also an opportunity to expand the Group's business operations in the context of the need for industrial infrastructure that may soon increase in the US as many foreign investors seek the US market in the near future.

In particular, Vietnam National Shipping Lines (VIMC) in its chain of activities has put forward a number of initiatives and proposals for investment cooperation in the US market, specifically: Promoting connections on technology and information platforms between US and Vietnamese port systems (PORT INTERLINKS), thereby, in addition to increasing port exploitation efficiency, it will help promote two-way trade between Vietnam and the US; Proposing to invest in a Vietnam Logistics Center (Vietnam House Logistics Center) in the US to support supply chain development. Currently, VIMC is working with the OEC/WORLDEX Group in the US to develop a project to research cooperation and invest in new projects on technology; equipment, engineering; green transformation; developing new ports in the US and Vietnam. (Including proposals for preferential loans, receiving funding from the US Export-Import Bank (US Exim Bank)

At the meeting with US Exim Bank, VIMC Deputy General Director Le Quang Trung also affirmed VIMC's strategic determination to continue investing in the deep-water seaport system in Vietnam such as Lach Huyen port, Lien Chieu port, Can Gio international transit port; as well as the orientation to participate in investing in a number of ports and terminals in the US, developing the Vietnam House logistics center; Promoting trade and import-export between Vietnam and the US. The bank's international business development department worked with VIMC to learn about the details of the projects and scheduled a meeting with VIMC on June 23-24, 2025 in Hanoi to discuss in more detail and deploy project appraisal.

Also in this series of cooperation events, the leaders of OEC GROUP (a leading logistics company in the United States) had a meeting with the delegation. The representative of OEC GROUP affirmed their determination to cooperate closely with VIMC to realize the investment project on the VIMC Logistics Center in the United States.

Commitment to promote bilateral investment and trade cooperation between Vietnam and the United States

In addition to the official activities at SelectUSA 2025, the Ministry of Finance delegation had a series of bilateral meetings with government agencies and large US enterprises. What can you share about the issues mentioned in the above activities?

Mr. Pham Tuan Anh: Yes, during the working trip to the United States, the Vietnamese Ministry of Finance delegation had bilateral working sessions with partners such as the US Treasury on areas of enhancing bilateral economic and financial cooperation between Vietnam and the United States; tax areas such as: Pillar 2 related to global minimum tax; Pillar 1 and tax on digital services (DST); On the tax agreement between Vietnam and the United States; Working session with the US Customs and Border Protection to discuss the issue of preventing illegal transshipment and enhancing cooperation between Vietnam Customs and the US Customs within the framework of a number of cooperation programs on electronic data exchange and container security initiatives; Working session with the Vice President in charge of US Exim Bank and corporations such as Intel, Meta, etc.

The delegation worked with Ms. Rebecca Burch - Deputy Assistant Secretary of the US Treasury Department on a number of issues including the Double Taxation Avoidance Agreement between Vietnam and the US. Photo: BTC

At the working meetings, the delegation once again affirmed Vietnam's strong commitment to promoting bilateral investment and trade cooperation with the United States - a comprehensive strategic partner and the world's leading economy.

Vietnam and the United States are two economies with complementary structures. Vietnam has a demand for products that are strengths of the United States in the fields of energy, high technology, aviation, machinery and equipment, and agricultural products, while consumer goods that Vietnam produces and exports create diverse choices that meet the needs of the American people at reasonable costs without competing with the United States. Strengthening and deepening economic and financial cooperation between the two countries will open up new spaces for cooperation, and is a symbol of trust and a comprehensive, substantive strategic partnership for the prosperity of the two countries.

On your side, we congratulate the activities of the Ministry of Finance delegation at the SelectUSA 2025 Conference. At the same time, we highly appreciate Vietnam's timely actions in response to the US reciprocal tax at both the Government-Government and Government-Enterprise levels in recent times.

At meetings, whether with government partners or enterprises, the Working Group also frankly discussed existing issues, or issues of mutual interest and in the process of finding common ground. It is these frank exchanges, aiming at a Win-Win relationship in cooperation, that in every working session and dialogue, we receive frank, constructive opinions, cultivating good relationships from our partners.

It can be said that our large and active participation in SelectUSA 2025 and bilateral activities within the framework of the Conference shows the efforts of the Vietnamese Government and enterprises to directly and actively contribute to the development of trade and investment relations between the two countries in a more sustainable and balanced direction, for the long-term interests of the two economies and peoples. At the same time, these meetings also deepen the understanding between the two countries from both the perspective of enterprises and government agencies about the complementary economic, trade and investment structures of the two countries.

Thank you very much!

Investor Magazine

Source: https://vimc.co/dau-tu-vao-hoa-ky-co-hoi-nao-cho-doanh-nghiep-viet-nam/